Netzwerk Nordbayern
What's German for LLC?
How are angel deals done in Bavaria? And how are they different from the US? There's lots of government money available for startups, so that's not the issue, but there are challenges.
We met during the EBAN tour of Silicon Valley earlier this year, so I was eager to renew contact when Michaela Mueller emailed with questions about deal formation. She and Arne Hostrup run Netzwerk Nordbayern in Bavaria, where things are done differently than in the Valley. Some of the issues they have will surprise you, one for example, it's not finding the money.
Show #251 (36:51) Listen
Then I'll be speaking Dec 8th at the Puerto Rico Venture Forum in San Juan. Guaranteed 80 degrees! Registration details.
Comments
No one has an infinite supply of money, including government money. To say that money is not their problem just means they are satisfied with the number of ventures they are able to fund and they are satisfied with their results. If results were not satisfactory money would be a problem.
Although they said large exits have not been the goal in the past, they did say the ventures survive long term and are even inherited by the next generation. This tells us they have selected ventures that have staying power and are able to hold their own against competition. Because their results are satisfactory enough to keep investor money flowing, it would have been interesting to hear their selection process.
Posted by: Matthew Artero | October 14, 2009 01:55 AM